Wall Street brokerages expect that Bonanza Creek Energy Inc (NYSE:BCEI) will report $69.16 million in sales for the current quarter, Zacks reports. Two analysts have provided estimates for Bonanza Creek Energy’s earnings, with estimates ranging from $67.87 million to $70.46 million. Bonanza Creek Energy posted sales of $44.14 million in the same quarter last year, which suggests a positive year-over-year growth rate of 56.7%. The firm is expected to issue its next quarterly earnings report on Tuesday, August 14th.
According to Zacks, analysts expect that Bonanza Creek Energy will report full year sales of $288.09 million for the current fiscal year, with estimates ranging from $279.78 million to $296.41 million. For the next fiscal year, analysts forecast that the business will report sales of $429.79 million per share, with estimates ranging from $425.70 million to $433.89 million. Zacks Investment Research’s sales calculations are an average based on a survey of sell-side analysts that follow Bonanza Creek Energy.
Bonanza Creek Energy (NYSE:BCEI) last posted its quarterly earnings data on Tuesday, May 8th. The oil and gas producer reported $1.07 EPS for the quarter, topping the consensus estimate of $0.64 by $0.43. Bonanza Creek Energy had a return on equity of 7.13% and a net margin of 51.92%. The firm had revenue of $64.19 million for the quarter, compared to the consensus estimate of $59.30 million.
Several research firms recently issued reports on BCEI. Zacks Investment Research cut Bonanza Creek Energy from a “strong-buy” rating to a “hold” rating in a research report on Monday, April 2nd. ValuEngine upgraded Bonanza Creek Energy from a “sell” rating to a “hold” rating in a research report on Tuesday, June 26th. Imperial Capital increased their target price on Bonanza Creek Energy from $37.00 to $48.00 and gave the stock an “outperform” rating in a research report on Thursday, May 10th. Finally, BMO Capital Markets reiterated a “hold” rating and set a $27.00 target price on shares of Bonanza Creek Energy in a research report on Wednesday, April 11th. One analyst has rated the stock with a sell rating, three have assigned a hold rating, one has issued a buy rating and one has given a strong buy rating to the company’s stock. Bonanza Creek Energy has an average rating of “Hold” and an average price target of $37.67.
Shares of NYSE BCEI traded down $0.03 during trading on Wednesday, hitting $37.53. The company had a trading volume of 223,470 shares, compared to its average volume of 398,947. The company has a quick ratio of 0.55, a current ratio of 0.57 and a debt-to-equity ratio of 0.02. Bonanza Creek Energy has a 12 month low of $23.33 and a 12 month high of $39.00. The company has a market capitalization of $769.86 million, a P/E ratio of 15.59 and a beta of 1.69.
Several large investors have recently added to or reduced their stakes in the stock. BlackRock Inc. grew its position in shares of Bonanza Creek Energy by 0.3% during the first quarter. BlackRock Inc. now owns 1,427,279 shares of the oil and gas producer’s stock worth $39,549,000 after purchasing an additional 4,523 shares in the last quarter. Northern Trust Corp grew its holdings in Bonanza Creek Energy by 2.4% during the 1st quarter. Northern Trust Corp now owns 223,826 shares of the oil and gas producer’s stock valued at $6,202,000 after buying an additional 5,166 shares in the last quarter. Alliancebernstein L.P. grew its holdings in Bonanza Creek Energy by 31.2% during the 4th quarter. Alliancebernstein L.P. now owns 26,380 shares of the oil and gas producer’s stock valued at $728,000 after buying an additional 6,280 shares in the last quarter. Divisar Capital Management LLC grew its holdings in Bonanza Creek Energy by 2.4% during the 4th quarter. Divisar Capital Management LLC now owns 300,451 shares of the oil and gas producer’s stock valued at $8,289,000 after buying an additional 6,950 shares in the last quarter. Finally, Bank of New York Mellon Corp grew its holdings in Bonanza Creek Energy by 8.1% during the 4th quarter. Bank of New York Mellon Corp now owns 93,321 shares of the oil and gas producer’s stock valued at $2,574,000 after buying an additional 6,968 shares in the last quarter.
Bonanza Creek Energy Company Profile
Bonanza Creek Energy, Inc engages in the exploration, development, and production of onshore oil and related liquids-rich natural gas in the United States. The company's oil and liquids-weighted assets are located primarily in the Wattenberg Field in Colorado; and the Dorcheat Macedonia Field in southern Arkansas.
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